HC Wainwright & Co. Maintains Buy on Broadwind, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal has maintained a Buy rating on Broadwind (NASDAQ:BWEN) but has reduced the price target from $12 to $8.
November 14, 2023 | 12:14 pm
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NEGATIVE IMPACT
Broadwind's price target has been lowered from $12 to $8 by HC Wainwright & Co., although the Buy rating is maintained.
The reduction in price target by a reputable analyst could lead to a negative perception among investors, potentially causing a short-term decline in Broadwind's stock price. However, the maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100